On November 27, 2000, after receiving the approval of China Securities Regulatory Commission in the Notice of Approval of Public Offering of Shares of Nanhai Development Co., Ltd. (CSRC Issue Approval No. 159), the company issued 65,000,000 shares of common stock to the public by way of directed placement and online pricing to the shareholders of the former NET circulating legal person shares through the Shanghai Stock Exchange trading system, which were listed on the Shanghai Stock Exchange on December 25, 2000.
After receiving the approval of the China Securities Regulatory Commission in the Notice of Approval of Public Offering of Shares of Nanhai Development Co., Ltd. (CSRC Issue Approval No. 159) and Approval of the Plan for Liquidation of Outstanding Corporate Shares of Listed Enterprises in Guangdong Province (CSRC Issue Approval No. 136), a total of 3,069,660 shares of the internal staff shares and 64,350,000 shares of the former NET system legal person shares of the company were listed for circulation on December 8, 2003 and December 26, 2003, respectively.
The proposal for converting the capital surplus to capital stock for the year 2007 was approved at the 2007 Annual General Meeting of Shareholders held on April 25, 2008. Based on the total share capital of 208,514,200 shares as of December 31, 2007, three shares were transferred to all shareholders as capital surplus for every 10 shares, with a total of 62,554,251 shares transferred, increasing the total number of shares of the company to 271,068,419 shares.
The proposal of profit distribution for the year 2010 was approved at the 2010 Annual General Meeting of Shareholders held on May 10, 2011. Based on the total share capital of 271,068,419 shares as of December 31, 2010, a total of 2 shares for every 10 shares were distributed to all shareholders, resulting in an increase of 54,213,684 shares, increasing the total number of shares of the company to 325,282,103 shares, all of which are in circulation without trading limitations.
The proposal of profit distribution for the year 2011 was approved at the 2011 Annual General Meeting of the company held on March 26, 2012. Based on the total share capital of 325,282,103 shares as of December 31, 2011, the capital reserve was converted to 0.5 shares per share, resulting in a total increase of 162,641,052 shares, increasing the total number of shares of the company to 487,923,155 shares, all of which are in circulation without trading limitations.
On August 7, 2012, the company issued 91,319,726 shares to Guangdong Nanhai Holdings Investment Co., Ltd. by means of a non-public offering of shares (shares in circulation with limited trading conditions listed on August 7, 2015), resulting in a change in the total share capital of the company to 579,242,881 shares.
In accordance with the Approval of Acquisition of Assets and Raising of Supporting Funds by Grandblue Environment Co., Ltd. from C&G Environmental Protection (Hong Kong) Co., Ltd. issued by the CSRC on December 11, 2014 (CSRC Approval No.1336), the company issued a total of 91,019,417 shares to C&G Environmental Protection (Hong Kong) Co., Ltd. on December 25, 2014 to acquire 100% equity interest in C&G China and 46,534,611 shares to Nanhai City Investment to acquire 30% equity interest in Gas Development. The share capital changed to 716,796,909 shares.
In February 2015, the company raised supporting funds and issued a total of 49,467,109 shares with limited trading conditions to Guangdong Salt Industry Group, Guangdong Hengjian Capital Management Co., Ltd., Minsheng Kayin Fund Management Co., Ltd., Li Guishan, and Great Wall Guorong Investment Management Co., Ltd. The total number of shares of the company increased to 766,264,018 shares.
In April 2021, the company completed the redemption and delisting of convertible corporate bonds. The total number of shares of the company increased from 766,264,018 shares prior to the issuance, to 815,347,146 shares.